PPP Loan information for Velocity motors llc

$1,527,000

Velocity motors llc was initially approved for PPP Loan of amount $1,527,000, the current approved amount is $1,527,000. The loan was approved on 04/05/2020 by The City National Bank of Florida reported 115 jobs and $1,527,000 was used to fund payroll.

Velocity motors llc is Existing or more than 2 years old

PPP Loan Search / CA / LOS ANGELES / Velocity motors llc

VELOCITY MOTORS LLC

Date Approved

04/05/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

VELOCITY MOTORS LLC

Borrower Address

780 W Martin Luther King jr. Blvd

Borrower City

LOS ANGELES

Borrower State

CA

Borrower Zip

90037-1201

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1527000.00

Current Approval Amount

1527000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

17124

Servicing Lender Name

City National Bank of Florida

Servicing Lender Address

100 SE 2nd St

Servicing Lender City

MIAMI

Servicing Lender State

FL

Servicing Lender Zip

33131

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LOS ANGELES

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90037-1201

CD

CA-37

Jobs Reported

115

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

381750.00

Payroll Proceed

1145250.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

17124

Originating Lender

City National Bank of Florida

Originating Lender City

MIAMI

Originating Lender State

FL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1540471.07

Forgiveness Date

03/10/2021

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